HILLARY VAUGHN, THANK YOU SO
MUCH.
JOINING US NOW CONGRESSMAN
DARRELL ISSA FROM HOUSE FOREIGN
AFFAIRS ALONG WITH FOX NEWS
CONTRIBUTOR, GREAT ECONOMIC
WRITER LIZ PEEK.
CONGRESSMAN, FIRST TO YOU, THE
JANUARY 6 HEARINGS TODAY, THERE
IS STILL A QUESTION HOW THIS IS
DAMAGING TRUMP.
YOU WILL SEE THIS.
SHOW CNN’S DATA ANALYST HARRY
HENSON.
HE SAID THE JANUARY 6th
HEARINGS HAVE NOT MOVED THE
NEEDLE BEFORE THE MIDTERMS OR
MOVED THE NEEDLE AGAINST TRUMP.
>> THE TOP ISSUE FOR AMERICANS
AT THIS POINT IS NOT THE
JANUARY 6 HEARINGS, IT IS NOT
DONALD TRUMP, IT IS INFLATION
ACCORDING TO 33% OF AMERICANS.
THAT IS THE TOP ISSUE.
WHO IS TRUSTED MORE ON THE ISSUE
OF INFLATION?
THE MARGIN RIGHT HERE IS
ABSOLUTELY HUGE.
REPUBLICANS ARE TRUSTED OVER
DEMOCRATS BY 19 POINTS AND THAT
IS WHY AT THIS PARTICULAR POINT
REPUBLICANS STILL LEAD ON THE
GENERIC CONGRESSIONAL BALLOT.
>> CONGRESSMAN YOUR REACTION.
>> IT IS PRETTY CLEAR WE DIDN’T
HAVE INFLATION UNDER PRESIDENT
TRUMP.
WE DO HAVE INFLATION FROM DAY
ONE UNDER PRESIDENT BIDEN.
IT IS BECAUSE OF HIS EXECUTIVE
ORDERS AND ACTIVITIES HE BEGAN
ON DAY ONE.
IT COULDN’T BE CLEARER THAN THAT
THAT IS IN THE PREVIOUS SEGMENT,
YOU HIT ON SOMETHING PRETTY
ESSENTIAL.
IN CALIFORNIA WE HAVE A 51-CENT
TAX ON GASOLINE PLUS 18 CENTS
FROM THE FEDERAL GOVERNMENT.
THERE IS ALMOST NO CONVENIENCE
STORE THAT MAKES 18 CENTS PER
GALLON AFTER YOU TAKE AWAY THE
CREDIT CARD CHARGES.
THE REALITY IS THE PRESIDENT IS
DOING SOMETHING REPREHENSIBLE AT
THE WRONG TARGET.
ELIZABETH: LIZ PEEK, TO THE
CONGRESSMAN’S POINT WHAT DO YOU
THINK?
"THE NEW YORK TIMES" SIENNA POLL
SHOW HALF OF REPUBLICANS IT
APPEARS WOULD GO FOR TRUMP.
THAT NUMBER HAS BEEN TRENDING
DOWN IN THAT POLL.
THE AVERAGE APPROVAL RATING
ACCORDING TO "REALCLEARPOLITICS"
HAS TRUMP AT 43.4 VERSUS BIDEN’S
37.7.
"POLITICO," MORNING CONSULT
THEIR POLLS THE HEARINGS ARE
FALLING VOTERS DEAF EARS?
>> I THINK THE HEARINGS ARE SO
PARTISAN, ONE-SIDED THEY HAVE
NOT TURNED THE NEEDLE THAT TRUMP
DID SOMETHING ILLEGAL.
THAT IS THE ISSUE I GUESS
THEY’RE TRYING TO GET AT.
I THINK WHAT DEMOCRATS ARE ALL
ABOUT KEEPING TRUMP FRONT AND
CENTER BECAUSE THEY KNOW BIDEN
WON BECAUSE OF PEOPLE VOTING
AGAINST DONALD TRUMP, NOT VOTING
FOR DEMOCRAT POLICIES OR FOR
JOE BIDEN.
SO THE MORE THEY CAN KEEP
DONALD TRUMP IN THE HEADLINES,
THE HAPPIER THEY ARE BUT, LIZ,
AMERICANS HAVE MOVED ON AND
THEY’RE MUCH MORE CONCERNED
ABOUT INFLATION.
THEY’RE WORRIED ABOUT CRIME.
THEY’RE WORRIED ABOUT HUNDREDS
OF THOUSANDS OF PEOPLE PER MONTH
COMING ACROSS OUR SOUTHERN
BORDER THIS HAS NOTHING TO DO
WITH DONALD TRUMP, EXCEPT THAT
JOE BIDEN UNDID ALL OF THE
THINGS THAT TRUMP DID TO SOLVE
THESE ISSUES.
SO YOU KNOW, THIS IS, I ALWAYS
THOUGHT THIS WAS A STUPID
UNDERTAKING BY THE DEMOCRATS.
IT APPEARS IT REALLY HAS BEEN A
WASTE OF TIME.
ELIZABETH: YOU KNOW THE
PRESIDENT, FORMER PRESIDENT
TRUMP, CONGRESSMAN, HAS BEEN
ROUNDLY CRITICIZED FOR WHAT WENT
ON WITH THE CAPITOL RIOTS AND
WHAT ENSUED ON THAT DAY AND IN
THE AFTERMATH AND LEAD-UP TO IT.
TO LIZ’S POINT, WE HAVE THIS,
THIS IS WHAT’S HAPPENING NOW.
THE WHITE HOUSE PRESS SECRETARY
IS DOWN PLAYING TOMORROW’S NEW
READ ON INFLATION.
IT IS EXPECTED TO AGAIN SHOW A
40-YEAR HIGH.
YOU CAN’T FAULT PRESIDENT BIDEN,
BLAME REPUBLICANS DEMOCRATS
CONTROL THE CONGRESS AND
WHITE HOUSE.
WE WANT TO SHOW THE PRESIDENT
AGAIN MISLEADING ON INFLATION.
WATCH THIS.
>> STUFF FROM INFLATION IMPOSED
CONSEQUENCE OF WHAT IS GOING ON
IN UKRAINE BUT WE HAVE THE
LOWEST RATE OF ALMOST EVERY
MAJOR NATION.
ELIZABETH: THAT IS NOT TRUE.
U.S. INFLATION IS HIGHER THAN
EUROPE AND ASIA.
WHAT DO YOU SAY, CONGRESSMAN?
>> WELL, IT WON’T BE HIGHER
FOREVER BECAUSE THE REALITY IS
WE’RE GOING INTO RECESSION AND
THE FED IS AT THE SAME TIME
TIGHTENING MONETARY POLICIES.
THESE ARE ALL THINGS THAT THE
PRESIDENT IS COUNTING ON.
HE IS COUNTING ON BEATING
INFLATION.
THE ONLY PROBLEM IS, HE WILL
BEAT IT WITH A SEVERE RECESSION.
THAT IS BAD ECONOMIC POLICY AND
AS YOU SAY HE CANNOT TELL US THE
TRUTH WHICH IS, YES, WE’RE AT A
40-YEAR HIGH IN INFLATION AND
OUR POLICIES ARE MAKING US LESS
EFFICIENT AND LESS COMPETITIVE.
ELIZABETH: TO THE CONGRESSMAN’S
POINT, THE KANSAS CITY FED
PRESIDENT, LIZ, IS SAYING,
LISTEN, INFLATION WAS RUNNING AT
AROUND 2%.
WHEN YOU AVERAGE IT OUT EVERY
YEAR SINCE 1991.
NOW IT IS QUADRUPLED.
JEROME POWELL SAYING INFLATION
IS GREATER THAN RECESSION.
ECONOMISTS ARE WARNING THAT THE
FED IS RAISING INTEREST RATES
WILL NOT BRING DOWN GAS PRICES
OR FIX THE SUPPLY CHAIN.
CHINA OR RUSSIA WOULD LOVE TO
SEE THE FED CAUSE RECESSION TO
DISCREDIT THE U.S.?
>> YEAH.
AND IN FACT, WAIT UNTIL CHINA
BEGINS TO ROLE AGAIN.
WE ARE BLESSED RIGHT NOW WHICH
HAS ZERO COVID POLICY WHICH IS
UP DIDDING DOWN THEIR GROWTH AND
DEMAND FOR OIL.
OIL COULD GO THROUGH THE ROOF IF
CHINA GIVES UP THAT POLICY OR
BEGINS TO ACCELERATE IN TERMS OF
GROWTH.
LOOK, THE REASON JOE BIDEN IS
GOING RIGHT NOW TO SAUDI ARABIA
BECAUSE HE IS DESPERATE TO HAVE
OPEC BEGIN TO PUMP MORE OIL
BECAUSE WE HAVE A BASIC DEMAND
IMBALANCE.
WHY DO WE HAVE DEMAND IMBALANCE?
BECAUSE THE UNITED STATES IS
SITTING ON OUR VAST OIL AND GAS
RESOURCES.
GUESS WHAT, LIZ?
AMERICAN VOTERS KNOW THIS.
WHEN YOU POLL NOT ONLY ABOUT
INFLATION BUT CAUSES OF IT, THEY
ARE SPOT ON, THEY BLAME BIDEN
AND THEY THINK THE ENERGY
POLICIES ARE RIDICULOUS AND THEY
ARE.
ELIZABETH: TO LIZ’S POINT,
CONGRESSMAN, WE SEE A LOT OF
RHETORIC AND SOUND BITES, RIGHT?
WE SEE A LOT OF, IT FEELS LIKE A
RUN AROUND, WHEN YOU HEAR THE
WHITE HOUSE TRYING TO TOPSPIN
WHAT IS GOING ON WITH THESE
NUMBERS.
IT IS REALLY FRUSTRATING.
I SAID TIME AND AGAIN, LISTENING
TO THEM, LIKE FIGHTING WITH A
FLOCK OF SEAGULLS.
THE SOUND BITES COME OUT.
YOU SEE OUR MONEY GO UP IN SMOKE
MINUTE BY MINUTE WHEN YOU LISTEN
TO TAXPAYER PAID FOR SALARIES BY
OFFICIALS TALKING ABOUT THE
SUBJECT.
BIDEN IS DRAINING THE U.S.
STRATEGIC RESERVE.
NEARLY A MILLION BARRELS SOLD TO
CHINA.
CHINA IS STOCKPILING OIL AND
ENERGY.
>> YOU’RE EXACTLY RIGHT.
THE IMPORTANT THING IS WHERE IS
THE AMERICAN VOTER?
THE AMERICAN VOTER WANTS TO MAKE
THINGS.
THEY WANT TO MAKE THEM IN
AMERICA AND EMPLOY AMERICANS.
THEY’RE SEEING THE PIPELINE THAT
WAS SMUT DOWN.
THEY’RE SEEING OIL EXPLORATION
NOT GOING ON.
THEY’RE SEEING AMERICAN JOBS BE
PUT SOMEWHERE ELSE.
AS WE SPEAK THE PRESIDENT’S
HEADING OFF TO SAUDI ARABIA
ASKING THEM TO PRODUCE WHAT
WOULD OTHERWISE BE AMERICAN
JOBS.
THAT MAKES NO SENSE AT ALL TO
ANY AMERICAN.
THAT IS WHAT IT IS ALL SAID AND
DONE.
WHEN YOU ASK WHY SENATOR MANCHIN
IS VOTING WITH REPUBLICANS SO
OFTEN BECAUSE THE PEOPLE OF
WEST VIRGINIA ARE A ENERGY
PRODUCING STATE WHERE PEOPLE
WANT TO WORK IN AMERICA.
ELIZABETH: CONGRESSMAN, LIZ,
WHAT THE CONGRESSMAN SAID, IT’S
SUCH COMMON SENSE BUT YOU KNOW,
YOU’VE GOT LIKE BIDEN AND THE
G7, THEY’RE TALKING UP A GO
NOWHERE PLAN TO PUT A PRICE CAP
ON RUSSIA’S OIL?
RUSSIA WOULD HAVE, RUSSIA WOULD
HAVE TO AGREE TO THAT.
SO WOULD CHINA, INDIA AND
TURKEY.
THIS IS LIKE WATCHING THEM PUSH
A WET NOODLE UP A HILL.
WATCHING THEM ALL THE TIME.
JPMORGAN CHASE IS SAYING WATCH
OUT, RUSSIA COULD RETALIATE AND
CUT ITS OIL PRODUCTION AND OIL
COULD SHOOT TO $190 A BARREL.
WHAT ARE WE WASTING OUR MONEY ON
WITH JUNKETS OVERSEAS THAT GO
NOWHERE?
>> LOOK I THINK OPEC, THEY, IF I
BIDEN GIVES THEM ENOUGH, I
THOUGHT IT WAS VERY INTERESTING
JAKE SULLIVAN CAME OUT TODAY
ACCUSING IRAN OF SUPPORTING
RUSSIA IN UKRAINE.
WHY DID HE DO THAT?
THEY’RE PAVING THE WAY FORA
APPROACHMENT WITH SAUDI ARABIA.
THEY HOPE TO BE PAID BACK
INCREASED OIL.
EVERYTHING THEY HAVE DONE HAS
BEEN SO INCREDIBLY BACKWARDS AND
NONSENSICAL, LIZ.
I MEAN, IT’S DEPRESSING THAT WE
HAVE RIGHT NOW FOR EXAMPLE, THE
EPA THREATENING TO IMPOSE OZONE
RESTRICTIONS ON THE PERMIAN
BASIN WHERE 43% OF OUR OIL AND
GAS COMES FROM.
WHAT IN THE WORLD ARE THEY
THINKING?
THIS IS POLITICAL SUICIDE FOR
DEMOCRATS.
ARE THEY NOT TALKING TO THE
WHITE HOUSE?
DO THEY NOT KNOW THEY’RE IN
TROUBLE?
IT IS AMAZING.